Platts proposes new Asia-Pacific LNG price differential assessments

Platts, part of S&P Global Commodity Insights, is proposing new JKM price differential assessments for the spread between JKM derivatives and half-month assessments at the close of Asia-Pacific markets, 4:30 pm Singapore time, effective Jan. 16, 2026.

This follows industry feedback regarding the use of JKM derivatives as a key pricing basis for trading LNG cargoes in the Asia-Pacific region.

The new assessments would include:

• The price difference between the first JKM half-month assessment <AAPSU00> and the JKM balance-month derivative <LJKMB00>
• The price difference between the second JKM half-month assessment <AAPSV00> and the JKM balance-month derivative <LJKMB00>
• The price difference between the third JKM half-month assessment <AAPSW00> and the JKM balance-month derivative <LJKMB00>
• The price difference between the fourth JKM half-month assessment <AAPSX00> and the JKM balance-month derivative <LJKMB00>
• The price difference between the first JKM half-month assessment <AAPSU00> and the M+1 JKM derivative <LJKMO00>
• The price difference between the second JKM half-month assessment <AAPSV00> and the M+1 JKM derivative <LJKMO01>
• The price difference between the third JKM half-month assessment <AAPSW00> and the M+1 JKM derivative <LJKMO01>
• The price difference between the fourth JKM half-month assessment <AAPSX00> and the M+1 JKM derivative <LJKMO01>
• The price difference between the third JKM half-month assessment <AAPSW00> and the M+2 JKM derivative <LJKMO02>
• The price difference between the fourth JKM half-month assessment <AAPSX00> and the M+2 JKM derivative <LJKMO02>

Furthermore, Platts is proposing to publish price differentials between JKM forwards and JKM derivatives, as well as between JKM forwards and half-month assessments:

• The price difference between the JKM M+1 derivative <LJKMO01> and JKM forward M1 <ALJKA00>
• The price difference between the JKM M+2 derivative <LJKMO02> and JKM forward M2 <ALJKB00>
• The price difference between the first JKM half-month assessment <AAPSU00> and JKM forward M1 <ALJKA00>
• The price difference between the second JKM half-month assessment <AAPSV00> and JKM forward M1 <ALJKA00>
• The price difference between the third JKM half-month assessment <AAPSW00> and JKM forward M1 <ALJKA00>
• The price difference between the fourth JKM half-month assessment <AAPSX00> and JKM forward M1 <ALJKA00>
• The price difference between the first JKM half-month assessment <AAPSU00> and JKM forward M2 <ALJKB00>
• The price difference between the second JKM half-month assessment <AAPSV00> and JKM forward M2 <ALJKB00>
• The price difference between the third JKM half-month assessment <AAPSW00> and JKM forward M2 <ALJKB00>
• The price difference between the fourth JKM half-month assessment <AAPSX00> and JKM forward M2 <ALJKB00>

Full details of the existing Platts Asia-Pacific LNG assessments can be found in the Global LNG Specifications Guide.

Please send all feedback, comments and questions to lngeditorialteam@spglobal.com and pricegroup@spglobal.com by Dec. 12, 2025.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available upon request.